
18 October 2021 | 53 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

5 August 2021 | 15 replies
for rentals, I'd avoid condos if you can as the condo fees are not cheap and add up to a large percent of the rent.

15 July 2021 | 5 replies
For example, I am working to help pro-foreclosure situation to avoid foreclosure and complete a short sale when they are deeply under water (yes this exists and is quite prevalent in many fha home buyers still to this day).

16 July 2021 | 1 reply
I am trying to avoid transitioning from a construction loan to a traditional mortgage to avoid any extra fees.

15 August 2021 | 8 replies
-When I sold the lots, what would the best strategy be with the proceeds to avoid capital gains?

15 July 2021 | 1 reply
But she is completely avoiding me at this point.

18 July 2021 | 3 replies
Given I have evidence this is closed, how can I avoid being called out on retaliation in the form of a rent raise?

17 July 2021 | 3 replies
.· MOST IMPORTANTLY - Manage the investment not just the property – maintain the asset in optimal condition, constantly increase cashflow, limit liability and avoid issues with the investment.1st Type of Owners/Investors:· Appreciate the work done by their property management team.· Pleasant to work with.· Treat the relationship as a partnership.· Extremely diligent in their initial search for property management companies.

15 July 2021 | 3 replies
I would list out all your fears/things you want to avoid and figure out how to overcome them.

21 June 2022 | 3 replies
No landlord head aches, take the money and buy another property to avoid the capital gains and flip again. 500x12 = 6000 , it would take 10 years of rental income with no issues or surprise repair bills, to get that amount of cash out.